CAN WE STOP BREXIT
TURNING INTO A
GREEK TRAGEDY?
BESPOKE BRIDGING LOAN
& SHORT TERM LENDER
Back
in
the
spring
of
2017
the
former
Greek
Finance
Minister,
Yanis
Varoufakis
suggested
that
the
UK
should
“avoid
negotiating
with
Brussels
at
all
costs.”
This
was
the
man
that
had
headed
negotiations
with
the
EU
and
the
IMF
over
the
extension
of
Greece’s
debts,
negotiations
where
the
terms
offered
by
the
EU
were
so
harsh,
they
led
to
a
Greek
Referendum
in
2015
on
whether
to
accept
the
bail
out
deal.
Varoufakis
successfully
campaigned
for
a
“No
vote”
and
then
promptly
resigned
when
the
Greek
Prime
Minister
revealed
to
him
that he was going to simply ignore the result of the referendum.
Perhaps
we
should
have
listened
to
Mr
Varoufakis.
It
seems
we
have
been
somewhat
naïve
to
think
that
the
EU
would
pay
anymore
attention
to
the
democratic
mandate
of
the
2016
Brexit
vote
and
that
this,
together
with
our
relative
economic
strength
when
compared
to
Greece,
would
in
any
way
bolster
our
negotiating
position
with
Brussels.
We
needed
to
remember
that
Brussels
is
a
democracy
free
zone.
It
is
an
immensely
powerful
bureaucracy
and
protector
of
vested
interests
imbued
with
unprecedented
law-making
capacity.
Time
and
again
it
has
shown
that
it
will
seek
to
negate
the
will
of
electorates,
and
whenever
a
vote
has
gone
against
it
the
vote
has
simply been ignored or re-run.
From
the
outset
negotiations
were
structured
to
ensure
the
EU
got
what
it
wanted
first.
Phase
1,
the
withdrawal
agreement,
where
the
UK
accedes
to
the
EU’s
demands
and
agrees
a
large
divorce
bill
only
then
to
be
followed
by
Phase
2,
where
we
can
start
to
talk
about
trade
and
what
we
want
from
the
new
relationship.
This
was
effectively
a
declaration
by
the
EU
that
they
were
in
control
and
thanks
to
the
chronic
weakness
of
our
own
politicians
and
their
inability
to
set
aside
party
differences
and
self-interest
in
favour
of
the
national
interest
our
weak
minority
government
has
perhaps
inevitably
succumbed
to
EU bullying.
With
the
clock
ticking
ever
faster,
a
fact
which
suits
the
EU
more
than
it
does
the
UK,
the
Withdrawal
Bill
has
now
seemingly
united
a
significant
majority
of
politicians
in
opposition.
Whether
it
be
Right
Wing
Tories,
Scottish
Nationalists,
Labour,
Democratic
Unionists,
Liberal
Democrats,
Welsh
Nationalists
or
Scottish
Tories
they
are
all
lining
up
to
reject
Mrs
May’s
“take
it
or
leave
it”
agreement.
Consequently,
the
prospect
of
a
‘No
Deal’
scenario
comes
into
ever
sharper focus.
At
this
critical
phase
the
tragedy
is
that
our
politicians
seem
to
have
forgotten
that
the
UK
is
in
fact
the
sixth
largest
economy
in
the
world
and
a
global
trading
powerhouse
with
an
infrastructure,
regulation
and
legal
system
that
are
the
envy
of
the
world.
They’ve
forgotten
that
we
continue
to
attract
vast
sums
of
foreign
investment
and
that
as
a
nation
we
are
geographically
well
placed,
resilient,
business
friendly
and
far
more
dynamic
than
we
ever
give
ourselves
credit
for.
They
have
overlooked
the
fact
that
our
economy
grew
at
twice
the
rate
of
the
French
in
the
second
quarter
and
that
we
are
building
houses
at
near
record
levels
and
still
failing
to
keep
pace
with
demand.
They
have
also
forgotten
that
85%
of
the
world’s
markets
sit
outside the EU.
After
the
2008
global
financial
crisis
we
bounced
back
more
strongly
than
virtually
any
other
nation
and
grew
a
strong,
innovative
specialist
lending
sector
that
filled
the
void
left
by
the
High
Street
Banks.
Specialist
lenders
proved
that
they
could
thrive
in
any
macro-
economic
environment,
many
having
been
founded
and
forged
during
a
period
of
huge
economic
uncertainty.
These
lenders,
along
with
every
successful
business
in
the
UK
have
not
got
time
for
the
self-indulgent navel-gazing of so many politicians.
GDP
growth
of
0.6%
in
the
last
quarter
underlines
the
fact
that
however
badly
served
by
its
political
elite
the
workers
just
crack
on!
If
we
could
just
instil
a
little
bit
of
the
inherent
dynamism
and
strength
of
character
of
the
British
people
and
of
British
business
into
our
politicians
how
much
more
favourably
might
these
negotiations
have
gone,
might
they
still
go?
It’s
never
too
late
to
alter
course
and
for
our
leaders
to
show
a
more
united
front
to
obtain
the
best
possible
deal
but
in
truth
this
looks
unlikely.
The
British
people
and
British
business
will
be
left
to
pick
up
the
pieces,
but
who
would
bet
against
us
making
a success of things despite, rather than because of our politicians?
Brian West, Director
Central Bridging